Solutions

Earthquake: M7.7 Near Cuba

A magnitude 7.7 earthquake occurred on January 28 at 2:10 PM EST, situated about 75 miles northwest of Jamaica, approximately 80 miles southwest of Cuba’s Bayamo state.

Strong ground motions have been reported in Montego Bay, Jamaica. The earthquake occurred along the northern margins of the Caribbean seismic plate and is the most powerful earthquake in this region for at least 100 years. There have been four more magnitude 6.6+ earthquakes in the region in the last 100 years.

The initial reports of isolated pockets of severe ground motion in Jamaica produce an expectation of pockets of damage to older structures or structures with inadequate seismic design. Ground motions in the capital city of Kingston, Jamaica are reported to be from weak to light. CoreLogic continues to monitor this earthquake to support their response and recovery.

Related Posts

Lounge chairs poolside on a beachfront property.
Intelligence

2021: A Banner Year for the Luxury Home Market

Increases in global wealth has spurred demand for luxury homes in both traditional markets as well as those that have not previously been considered to be luxury markets.

Home Price Index
Home Price Index

U.S. Home Price Insights

Home prices nationwide, including distressed sales, increased year over year by 20.2% in May 2022 compared with May 2021

Housing-Home-Neighborhood-Construction-Intelligence-Header-Alt-02
Construction Insight

Quarterly Construction Insights – Q2 2022

CoreLogic tracks construction cost for commercial, residential and agricultural construction of all types of goods (labor and materials) throughout the United States and Canada.